Virginia Capital Access Program (Virginia)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Virginia


Applies to States or Provinces Virginia Virginia
Name Virginia Capital Access Program (Virginia)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province














Program Administrator Virginia Small Business Financing Authority
Primary Website http://www.vabankers.org/ssbci-virginia-capital-access-program


Last Review 2015-01-29
Last Substantive Modification
to Summary
2015-01-29
Information Source http://www.virginiaallies.org/assets/files/publications/incentivesguide.pdf


Summary

The Virginia Capital Access Program (CAP), in partnership with Virginia’s Small Business Financing Authority, provides access to capital for small businesses. Businesses must apply to participating banks for a traditional loan, and the lender advises the company of enrollment in CAP. The program offers loan guarantees on a portfolio of loans through a loan loss reserve, which it establishes at each participating bank. Funds can be used for general working capital and fixed-asset financing. The maximum loan amount is $250,000.


<metadesc> Virginia Capital Access Program (Virginia): energy incentive program. </metadesc>

Policy Contact

Department Virginia Economic Development Partnership
Address 901 East Byrd Street
Address 2 P.O. Box 798
Place Richmond, Virginia
Zip/Postal Code 23218-0798
Phone (804) 545-5600



Department Virginia Department of Business Assistance
Division Virginia Small Business Financing Authority



Phone (804) 371-8254


Email Barbara.Carter@vdba.virginia.gov

















References